Dolphin - Successful delivery of the new high-capacity seismic vessel M/V Sanco Sword

Dolphin Group ASA (OSE:DOLP) has today taken delivery of the newly built seismic vessel  M/V Sanco Sword, on an initial  5-year Time-Charter agreement with the Norwegian vessel owner Sanco Shipping AS.

The Sanco Sword is the sister vessel of the Sanco Swift, also delivered from the Kleven Myklebust yard, located on the west coast of Norway. Both vessels are 96 meters long and are amongst the most powerful seismic vessels in the world, capable of towing record spreads of up to 16 streamers @100 separation.  

Atle Jacobsen, CEO commented;  

" We are very proud to take our latest high capacity seismic vessel on charter from Sanco Shipping. The Kleven Myklebust yard, the vessel owner and their professional staff have once again demonstrated their best in-class capabilities. They have completed this complex seismic vessel on budget, ahead of schedule and fully rigged ready to commence seismic operations for Dolphin.

The launch of the Sanco Sword is the latest milestone that demonstrates Dolphin's ability to deliver on our business plan to become a first-class Geophysical Company that offers a modern fleet of high-capacity seismic vessels, in-house processing and an attractive Multi-Client portfolio".

For further information, please contact:

Atle Jacobsen, CEO
Mobile:+47 97 71 53 36
E-mail:atle.jacobsen@dolphingeo.com

Erik Hokholt, CFO
Mobile:+47 90 75 60 64
E-mail:erik.hokholt@dolphingeo.com
Phone:+47 55 38 75 00
www.dolphingeo.com

Dolphin Group ASA is the parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine geophysical services. Dolphin operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).